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DigiByte(DGB)

OKEx

March 09, 2018 08:39

Created

Basic InformationEnglish name of Token: DigiByteTicker of Token: DGBChinese name of Token: 极特币Country of Incorporation: N/AInvestors: All work on DigiByte has been done on a volunteer or private donation basis by thousands of individuals across the globe.Industry & Facts & figures: N/A

Description of the project: DigiByte is a pioneer in the blockchain industry, with major innovations being DigiShield (A dynamic difficulty adjustment algorithm) being implemented now by approximately 2 dozen other large Cryptocurrencies such as ZCash, Bitcoin Gold, Monacoin etc., multi-algo, early adopters of SegWit, and the DigiSpeed hard-fork giving 15 second block timing and dynamically increasing block-sizes that doubles every 2 years.DigiByte is one of the most distributed blockchains in existence today, with over 200,000 full nodes being downloaded between the SegWit hard-fork in April 2017 and February 2018. With 5x mining algorithms, some ASIC, some GPU mineable, this further contributes to the decentralization of mining and of network nodes. All transactions are publicly stored on the ledger, there are no off-chain transactions such as Lightning Network, enabling perfect trustless consensus.There are a large number of practical applications that are afforded to DigiByte that are not available with other Blockchains with slower block timings or smaller block sizes such as Bitcoin / Litecoin. DigiByte is already in-use being traded in towns in the Netherlands, along with DiguSign.com being used by multinational companies to secure documents / shipping manifests.

Disclaimer: This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.